Despite its cheap price, Rite Aid stock is hardly what you would call a discount. Instead, it’s a junk equity that you should steer clear from, considering that it doesn’t have an Amazon Counter-like catalyst in the foreseeable future.

Having been gutted in the markets over the years, Rite Aid stock appeals to risk-tolerant contrarians. However, there are other names with similar upside potential but with much more stable fundamentals.